Karachi: TPL REIT Management Company Limited (TPL RMC) has disclosed a recent transaction executed by one of its directors, Muhammad Ali Jameel. This disclosure, made in accordance with clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, outlines the purchase of shares by Jameel, who is also a substantial shareholder in the company.

On March 27, 2025, Muhammad Ali Jameel executed a purchase transaction involving 1,132 shares at a rate of Rs. 13.90 per share. The transaction was conducted through the Central Depository System (CDS) and falls under the ready market category. This acquisition brings Jameel's cumulative shareholding in TPL REIT Management Company Limited to 11,000,000 shares, constituting 0.60 percent of the total shares.

According to information available from the Pakistan Stock Exchange (PSX), this transaction completes a block trade previously initiated by Jameel, aimed at raising short-term liquidity through mutual funds. The shares were acquired to finalize the block trade arrangement.

TPL RMC has confirmed that these transactions will be reviewed in the upcoming board meeting. The board will consider and highlight any non-compliance issues, as mandated by the PSX regulations, and the results of this deliberation will be communicated to the exchange.